There is time for Singapore to hit 20 per cent female directors by 2020. Female leaders in Singapore are highly competent and ready for such positions; efforts should be made to reach 30 per cent female representation by 2025. However, legacies within companies remain a key barrier.
From our experience with leadership assessment, development, and succession planning, Singapore can achieve higher female representation on boards by enlarging pools of potential candidates, perhaps by nominating capable younger people. Alternatively, Singapore can emulate other countries, where board sizes were reduced, resulting in smaller, younger, and more agile boards, while increasing the proportion of female directors.